Beam Global [NASDAQ: BEEM] traded at a low on Wednesday, posting a -10.39 loss after which it closed the day’ session at $3.19.
The results of the trading session contributed to over 286516 shares changing hands. Over the past one week, the price volatility of Beam Global stands at 11.36% while the volatility over the past one month is 11.26%.
The market cap for BEEM stock reached $47.13 million, with 14.77 million shares outstanding and 13.75 million shares in the current float. Compared to the average trading volume of 217.22K shares, BEEM reached a trading volume of 286516 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Beam Global [BEEM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BEEM shares is $8.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BEEM stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Beam Global shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 30, 2023. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on February 13, 2023, representing the official price target for Beam Global stock. Previously, the target price had yet another raise to $30, while H.C. Wainwright analysts kept a Buy rating on BEEM stock.
The Average True Range (ATR) for Beam Global is set at 0.35, with the Price to Sales ratio for BEEM stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 0.33.
How has BEEM stock performed recently?
Beam Global [BEEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.63. With this latest performance, BEEM shares gained by 9.62% in over the last four-week period, additionally sinking by -53.90% over the last 6 months – not to mention a drop of -48.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BEEM stock in for the last two-week period is set at 45.31, with the RSI for the last a single of trading hit 45.24, and the three-weeks RSI is set at 44.20 for Beam Global [BEEM]. The present Moving Average for the last 50 days of trading for this stock 3.80, while it was recorded at 3.55 for the last single week of trading, and 5.17 for the last 200 days.
Beam Global [BEEM]: Deeper insight into the fundamentals
Beam Global’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.39 and a Current Ratio set at 2.35.
Insider trade positions for Beam Global [BEEM]
There are presently around $17.70%, or 19.09%% of BEEM stock, in the hands of institutional investors. The top three institutional holders of BEEM stocks are: AWM INVESTMENT COMPANY, INC. with ownership of 0.95 million shares, which is approximately 6.5888%. VANGUARD GROUP INC, holding 0.62 million shares of the stock with an approximate value of $$2.84 million in BEEM stocks shares; and VANGUARD GROUP INC, currently with $$0.86 million in BEEM stock with ownership which is approximately 1.2868%.